oil refinery

Friday Energy Facts: U.S. Refinery Capacity Reaches 18 Million Barrels Per Day

June 26, 2015 by U.S. EIA: Today in Energy

Refinery Capacity Growth

Increased refinery runs—based on increases in both capacity and utilization—have helped accommodate increases in U.S. crude oil production. The United States' capacity to refine crude oil into petroleum products increased by 0.2% in 2014, reaching 18.0 million barrels per calendar day.[read more]

ISIS Victories and Oil

May 26, 2015 by Amy Myers Jaffe

Right now, oil prices seem under pressure from any number of forces: Saudi market share strategies, Iran’s quiet sales from floating stocks, historically high U.S. and Chinese inventory levels. But over the longer term, the situation on the ground with ISIS could render some of that surplus necessary.[read more]

Petroleum Refinery Outage in California Highlights Markets' Quick Price Reaction

March 3, 2015 by U.S. EIA: Today in Energy

Refinery Outages and Price Reactions

On February 18, an explosion and fire occurred at ExxonMobil's refinery in Torrance, California. The Torrance refinery is an important source of gasoline and distillate fuel oil supply for Southern California. Unplanned refinery outages can have noticeable effects on liquid fuel markets.[read more]

Regional Refinery Trends Evolve to Accommodate Increased Domestic Crude Oil Production

January 18, 2015 by U.S. EIA: Today in Energy

Regional Refinery Trends

Recent rapid growth in United States production of light tight oil has raised interest in understanding how U.S. refineries, many of which are configured to process heavier crude oil, might accommodate increased volumes of domestic light crude.[read more]

EPA Proposes to Limit Cancer-Causing Toxic Air Pollution From Petroleum Refineries

May 20, 2014 by NRDC Switchboard

The Environmental Protection Agency has proposed new standards to limit toxic air pollution from petroleum refineries. The EPA’s proposal is good news for millions of Americans, since about 90 million Americans live within 30 miles of a refinery, and many live near more than one.[read more]

Friday Energy Facts: Gulf Coast Crude Oil Inventories Reach Record Level

April 18, 2014 by U.S. EIA: Today in Energy

Gulf Coast Oil Inventories

Crude oil inventories on the U.S. Gulf Coast reached 207.2 million barrels on April 11, a record high. The levels are the result of the continuing strong crude oil production growth, the opening of TransCanada's Marketlink Pipeline, and a drop in crude oil inputs at USGC refineries as a result of seasonal maintenance.[read more]

Will Shale Oil Growth Lead to New US Refineries?

March 17, 2014 by Geoffrey Styles

An article on the revival of some mothballed US oil refineries and the possible construction of new ones provided yet another indication of industry confidence that record growth in oil production from US shale deposits isn't just a temporary phenomenon.[read more]

The European Oil Refining Crisis [Video]

December 17, 2012 by David Thual

The oil refining sector in Europe is suffering from over-capacity, restructuring and planned closures, and the European Commission held a second conference on the oil refining sector on 26 November. Hughes Belin, leading energy journalist for viEUws - the EU Policy Broadcaster, met Richard Howitt MEP (S&D), to discuss the European oil refining crisis.[read more]

Exports Raise the Bar for US Strategic Petroleum Releases

August 28, 2012 by Geoffrey Styles

Oil Pumps via Shutterstock

I've seen a number of Tweets suggesting that the US will release oil from its Strategic Petroleum Reserve (SPR) sometime in the next month or two, perhaps in tandem with other member countries of the International Energy Agency.  Although circumstances might provide several possible rationales for such a release, including the...[read more]

Infrastructure Obstacles in North American Oil Development

June 29, 2012 by Jesse Parent

The two biggest sources of oil in North America produce significantly different types of oil, and the lack of infrastructure to link those sources to proper refineries results in higher costs and less competitiveness on the global oil market.[read more]

How Much Oil Does the World Produce?

June 26, 2012 by Robert Rapier

In the first installment of this series, I took a look at U.S. and global oil reserves according to the 2012 BP Statistical Review of World Energy. Today, I want to examine oil production statistics since 1965. Highlights of this article and topics that will be explored include:New global oil production record set in 2011, but the...[read more]

Delta Buys Oil Refinery; Should Others Follow?

May 2, 2012 by Christina Nunez

Delta is worried about global oil price fluctuations - is buying an oil refinery an effective solution?[read more]

Southwest Airlines’s hedges

May 2, 2012 by Michael Giberson

“We don’t know where the price of crude is going to be,” says [Southwest Airlines's Chris] Monroe. But, he adds, “I think we have to be generally bullish just because we’re trying to protect against an increase … So we have a little bit of a bias that prices may go higher.”He chuckles that he and [former SW treasurer Scott] Topping,...[read more]

Buying Your Own Refinery

April 9, 2012 by Geoffrey Styles

Has the high cost of fuel got you down? Why not buy your own oil refinery? That's apparently what Delta Air Lines is considering. With jet fuel purchases constituting one of the largest operating costs for carriers like Delta, and with several refineries in the Northeast US facing permanent closure due to poor profitability, it's not...[read more]